Economy / North Korea
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Missile Test: Key Implications
July 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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As we expected, Northeast Asian financial markets have proved resilient after North Korea tested up to seven missiles, including its much-feared long-range Taepodong 2 missile. The fact that the latter failed about 42 seconds after launch has slightly lessened the impact of the tests, and thus reduced the need for a dramatic international response. The tests were widely condemned, and the UN Security Council will meet shortly, but the US, Japanese and South Korean authorities have been comforted somewhat by the failure of the Taepodong 2. It is possible that Pyongyang may opt to test more missiles, but for now